We’re at the tail end of the largest asset bubble in history with near 10% inflation, war, pandemic, debt at > 100% GDP and interest rates rising from a decade near 0.
None of this is normal and what follows won’t be either.
None of this is normal and what follows won’t be either.
https://coinmarketcap.com/currencies/tether/ (see market cap)
https://www.multpl.com/inflation-adjusted-s-p-500
https://fred.stlouisfed.org/series/M1SL#0
This won’t end well and in the current environment of high inflation the fed has no choice but to raise interest rates and companies will continue to layoff into the recession.
As for the fed, they're raising interest rates to cool things off - hopefully people are investing in ibonds and just maybe savings accounts will see more than 5th of 1% again so there are some upsides.
Layoffs? they're happening but unemployment still went down.